Truist Financial Corp Sells 639 Shares of UDR, Inc. (NYSE:UDR)

Truist Financial Corp reduced its position in shares of UDR, Inc. (NYSE:UDR) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,653 shares of the real estate investment trust’s stock after selling 639 shares during the quarter. Truist Financial Corp’s holdings in UDR were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of UDR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of UDR by 862.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after buying an additional 2,766,172 shares during the period. Mizuho Securities USA LLC increased its position in UDR by 8,460.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,000 shares of the real estate investment trust’s stock valued at $90,680,000 after purchasing an additional 1,976,637 shares during the period. FMR LLC raised its holdings in shares of UDR by 14.8% in the 3rd quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock valued at $516,923,000 after purchasing an additional 1,471,855 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of UDR by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after purchasing an additional 368,087 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in shares of UDR by 1,665.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after purchasing an additional 348,520 shares during the period. 97.84% of the stock is owned by institutional investors.

UDR Trading Down 0.4 %

NYSE:UDR opened at $45.22 on Thursday. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. The firm has a fifty day simple moving average of $42.44 and a 200-day simple moving average of $43.76. UDR, Inc. has a 12 month low of $35.14 and a 12 month high of $47.55. The company has a market capitalization of $14.97 billion, a P/E ratio of 180.88, a PEG ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, equities research analysts anticipate that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were issued a $0.425 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.76%. UDR’s dividend payout ratio (DPR) is presently 680.00%.

Analyst Ratings Changes

UDR has been the topic of several research reports. Scotiabank lifted their price objective on shares of UDR from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, February 14th. Mizuho cut their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Barclays reduced their price target on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Evercore ISI raised their price objective on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group downgraded shares of UDR from a “buy” rating to a “hold” rating and reduced their target price for the stock from $50.00 to $45.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, UDR has a consensus rating of “Hold” and a consensus price target of $46.18.

Insiders Place Their Bets

In other news, CEO Thomas W. Toomey sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer now owns 824,716 shares of the company’s stock, valued at $35,256,609. The trade was a 2.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.73% of the stock is currently owned by insiders.

About UDR

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.